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Finance Intern

About UsHEI manages an unparalleled portfolio of leading full-service branded hotels and luxury and lifestyle independent hotels across the U.S. We are the acknowledged experts on upper-upscale, luxury, and premium select-serve hotels in urban, super-suburban, and destination locations. At HEI, we recognize that our enormous success is solely the result of our greatest asset: Our People. Where people work is a choice. Against that choice, our greatest obligation is to ensure day in and day out that our associates have the compensation and benefits they deserve and industry leading tools, training and support that they need to excel. At HEI, simply said, we honor the privilege of our associates choosing us by investing in and making them more valuable. Don't meet every single requirement of this job? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At HEI we are dedicated to building a diverse and inclusive workplace, so if you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, we encourage you to still send in your information. You may be the perfect candidate for this or for other roles within our organization! We value U.S. military experience and invite all qualified military candidates to apply.OverviewThe Finance Intern will be responsible for administrative tasks including recording invoices; record keeping; vendor and propertery communication, and reconciliations.Responsibilities• Maintain all vendor files in easily accessible and consistent manner.• Verify that all invoices have been properly reviewed by the properties management, coded and approved for payment according to HEI standard operating procedures.• Process invoices into the accounts payable system timely and accurately.• Reconcile vendor statements to ensure no invoices have been missed and the properties are in good standing with the vendors.• Maintain critical vendor lists for each property to ensure timely payments.• Follows month end closing schedule including the preparation of the month end AP reports.• Promotes internal controls and stay up-to date with accounting concepts, practices and procedures.• Resolves and provides answers for all accounts payable related inquires.• Support and promote continuous improvement in processes and procedures.• Maintains professional level of service to both internal and external customers.• Assists with special projects and task as assigned.• Perform any other job related duties as assignedQualifications• High School Graduate or General Education Degree (GED). Associate's Degree in Accounting preferred.• Accounting and Hotel experience strongly preferred.• Strong organizational skills• High attention to detail.• Ability to work independently and multitask.• Proficient with Microsoft applications, particularly Microsoft Excel.• 10 key by touch• Type 40 words per minute• Strong written and oral communication skillsBenefitsHEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness, creating value in your most important investment - you!For your physical and mental wellness we offer competitive Medical and Dental programs through Anthem Blue Cross Blue Shield as well as Vision insurance programs ​through EyeMed. ​Our Vacation, Sick and Holiday programs are available for you to rejuvenate with time off. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. Our 401(k) Savings Plan with matching funds, and discounts through our 'YouDecide' and Hotel Room Discount programs provide additional incentives for choosing HEI as the employer of your future.HEI Hotels and Resorts is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
What You Should Know About Finance Intern, HEI Hotels & Resorts

Are you ready to kickstart your career in finance? HEI Hotels and Resorts is thrilled to offer a Finance Intern position in Norwalk, CT, where you will get hands-on experience in the exciting world of accounting within the hospitality industry. As a Finance Intern, you will take on essential administrative tasks that keep our financial processes running smoothly. You'll be responsible for recording invoices, maintaining vendor files, and ensuring that all accounts are in good standing. Your keen attention to detail will play a vital role in verifying that invoices have been properly reviewed and approved, as you process them into our accounts payable system. Along the way, you’ll have the opportunity to reconcile statements and promote internal controls, ensuring that our practices align with HEI’s high standards. But that’s not all! You will support financial analysis through month-end close processes and special projects, enhancing your learning experience while contributing to our team. At HEI, we believe in investing in our associates, providing industry-leading training and creating a culture of growth. Plus, we value diversity and inclusivity in our hiring process, encouraging candidates from all backgrounds to apply! If you’re passionate about numbers, organized, and eager to learn about finance in a vibrant, supportive environment, the Finance Intern role with HEI Hotels and Resorts could be just the opportunity you've been looking for!

Frequently Asked Questions (FAQs) for Finance Intern Role at HEI Hotels & Resorts
What are the primary responsibilities of a Finance Intern at HEI Hotels and Resorts?

As a Finance Intern at HEI Hotels and Resorts, you will handle various administrative tasks, including maintaining vendor files, processing invoices into the accounts payable system, and reconciling vendor statements. You'll ensure that all invoices are reviewed for proper coding and approval, promoting best practices and internal controls. Additionally, you’ll assist with month-end closing processes and support special projects that further your learning experience.

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What qualifications are needed for the Finance Intern role at HEI Hotels and Resorts?

For the Finance Intern role at HEI Hotels and Resorts, a High School Graduate or GED is required, with an Associate's Degree in Accounting being preferred. Candidates should have accounting and hotel experience, possess strong organizational skills, and demonstrate proficiency in Microsoft Excel. Good communication skills and the ability to multitask are also essential to thrive in this position.

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How does HEI Hotels and Resorts support its Finance Interns in their career development?

HEI Hotels and Resorts highly values employee growth and development. As a Finance Intern, you will receive industry-leading training and support from experienced colleagues who are dedicated to helping you succeed. Additionally, the diverse tasks associated with the role allow you to gain practical experience in accounts payable processes and financial management, setting a strong foundation for your future career.

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Is previous experience in accounting necessary for the Finance Intern position at HEI?

While previous experience in accounting is preferred for the Finance Intern position at HEI Hotels and Resorts, it is not strictly necessary. The company encourages candidates with a strong willingness to learn and a passion for finance to apply, regardless of their level of experience. You may find that your skills and interests align well with the role even without direct accounting experience.

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What benefits do Finance Interns receive at HEI Hotels and Resorts?

Finance Interns at HEI Hotels and Resorts enjoy comprehensive benefits that focus on their physical, mental, and financial wellness. These include competitive medical and dental programs, vacation and sick time, and access to financial wellness benefits such as 401(k) savings plans with matching funds. Our commitment to associates extends beyond the internship, fostering an environment where you can thrive.

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Common Interview Questions for Finance Intern
Can you explain your understanding of accounts payable processes as a Finance Intern?

In answering this question, highlight your knowledge of the accounts payable cycle, from vendor invoice receipt to payment processing. Mention the importance of timely processing and verifying invoices, coding them appropriately, and maintaining proper documentation. Show that you understand the significance of reconciling vendor statements to manage financial relationships effectively.

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How do you prioritize tasks while managing multiple responsibilities as a Finance Intern?

To address this question, you might explain your approach to prioritization by using tools like checklists or digital task managers. You could also emphasize the importance of deadlines in the finance department and how you would focus on urgent tasks first, while still ensuring that all responsibilities, such as invoice processing and record keeping, are managed efficiently.

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What experience do you have with Microsoft Excel that would benefit you in the Finance Intern position?

Discuss your proficiency with Microsoft Excel, mentioning any specific functions or features you've used, such as formulas, pivot tables, or data analysis tools. You might also want to give examples of how you’ve used Excel in past schoolwork or internships to reinforce your ability to analyze and manage financial data, which is essential for the Finance Intern role.

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How would you ensure accuracy when processing invoices?

Detail your methodical approach to processing invoices, underscoring the importance of verifying invoice details against purchase orders or contract terms. Describe how you would double-check entries for accuracy and maintain an organized filing system to trace any discrepancies, which demonstrates your commitment to accuracy and attention to detail.

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Can you give an example of a time when you resolved a financial inquiry or problem?

In your response, refer to a specific situation where you identified and addressed a financial issue, whether in an academic or prior job setting. Explain the steps you took to investigate the problem and how you communicated with stakeholders to provide solutions, showcasing your problem-solving and communication skills.

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Why do you want to work as a Finance Intern at HEI Hotels and Resorts?

Share your enthusiasm for the hospitality industry and your desire to gain finance experience in a reputable organization like HEI Hotels and Resorts. Highlight how HEI’s commitment to employee development and diversity aligns with your career goals and values, emphasizing your interest in the learning opportunities offered in this role.

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How do you keep yourself updated on accounting principles and practices?

You could mention various resources such as online courses, webinars, and accounting journals that you follow to stay current. Explain your commitment to continuous learning, highlighting your proactive approach to seeking out new information, which is important in the finance world where regulations and standards can frequently change.

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What skills do you have that make you a good fit for the Finance Intern role?

Discuss skills that match the job description, such as strong organizational abilities, attention to detail, proficiency with Microsoft Excel, and effective communication skills. You may also want to describe your capacity to handle multiple tasks independently and how these skill sets will contribute positively to HEI's finance team.

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How do you handle tight deadlines and pressure?

Share your strategies for managing stress and meeting deadlines. You might talk about breaking down tasks into smaller, manageable parts, creating schedules, or using productivity tools. Describing specific experiences where you successfully navigated tight deadlines will demonstrate your resilience and capacity to perform under pressure.

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What would you do if you noted a discrepancy in accounts during your internship?

Explain your approach to handling discrepancies, which should include investigating the source of the error through careful review and communication. Highlight the importance of resolving issues promptly and maintaining transparency with your supervisor, thereby reinforcing the significance of integrity and diligence in finance.

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By developing and rewarding our greatest asset- Our People, we set a higher standard of excellence in everything we do . HEI consistently achieves some of the highest associate satisfaction scores in the industry.

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Internship, on-site
DATE POSTED
December 19, 2024

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